Back to top

Image: Bigstock

Everest Re Ltd.

Read MoreHide Full Article

Shares of Everest Re outperformed the industry year to date. Everest Re Group noted strong momentum across its underwriting operations, with opportunities in both reinsurance and insurance. The insurer has substantially benefited from its global presence, product diversification, capital adequacy, financial flexibility and traditional risk management capabilities. It is divesting underperforming business and strengthened reserves. Banking on favorable operational performance the company enjoys disciplined capital management strategy and strong capital balance position. However, a competitive reinsurance market and exposure to catastrophe events infusing underwriting volatility remain headwinds. With respect to quarterly results, Everest Re’s second-quarter bottom line beat expectation. Both segments exhibited increase in revenues. While expenses increased, combined ratio exhibited improvement, reflecting better underwriting results.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Everest Re Group, Ltd. (RE) - free report >>

Published in